Particle.news
Download on the App Store
6 ARTICLES
·
3h ago

Ethereum Exit Queue Clears as Staking Backlog Swells to 2.6M ETH

Institutional deposits are tightening tradable supply through a 46.5% lock-up in the deposit contract.

ETH supply tightens as staking surges — Why validator exits matter most
Image

Overview

  • The validator exit queue stands at zero after falling from a 2.67 million ETH peak in September 2025, with withdrawals now processed within minutes.
  • The entry queue has risen to about 2.6 million ETH, the highest since July 2023, extending activation waits to roughly 45 days for new validators.
  • Santiment estimates 77.85 million ETH—about 46.5% of the total supply—is held in the proof-of-stake deposit contract, valued near $256 billion.
  • Beaconcha.in reports around 36.1 million ETH is actively staked, representing roughly 29% of supply in validators already online.
  • Institutions are a major source of inflows, with BitMine Immersion Technologies staking over 1.25 million ETH as yields hover near 2.8% APR, and ETH trades around $3,300 below the August 2025 high of $4,946.